Wednesday 04/09/14

The debate continues about what final 2014 planted acreage could be for the nation’s corn and soybean crop after the release of the Prospective Plantings report.

Interestingly, the USDA increased the intended acreage of the main crops by only 0.6 million acres despite the large amount of ground that was enrolled in the prevented planting program last year and the 2.0 million acres coming out of the Conservation Reserve Program.

Expectations are that final planted area will be larger than the 91.7 and 81.5 million acres reported for corn and soybean intentions respectively though Mother Nature will have final say on exactly how much of each crop is put in the ground.

The accompanying graphic shows the combined 2014 corn and soybean planted acreage for the top 15 producing states of both.

That figure as a percent of 2013 final acreage and the percent of the five year and ten year combined acreage is also reported.

Despite the large amount of unplanted acreage last year, a look at the individual states shows a number having combined intended corn and soybean area down from 2013 levels and this includes IL, MO, SD, and TN with a few others just having a marginal increase in combined plantings.

Also of interest and something we have talked about in prior posts is the expansion of corn and soybean plantings in states outside the traditional producing regions.

The chart shows that this year’s combined corn and soybean planted area continue to climb relative to past years in such states as KY, ND, SD, and TN.

We surmise that improved per acre profitability for corn and soybeans exceeds those of other crops that in the past were seeded in these states such as spring and durum wheat in the Dakotas and cotton in the Delta states of TN and KY.

Fri Jul 17, 2015 07:56 AM CDTCorrelation coefficient for corn crop ratings at the end of July, end of August and end of September vs. the percent that final corn yields deviated from the 1986-2014 trend.

Wed Jul 15, 2015 09:54 AM CDTJune 2015 precipitation in inches for the top 21 corn and soybean producing states, amount of precipitation last month as a percent of the 1950-2014 June rainfall average and the highest amount of June precipitation any of these states have had since 1950.

Wed Jun 10, 2015 08:48 AM CDTChange in combined Argentine and Brazilian corn and soybean production from the January to the June WASDE reports vs. the percent change in July corn and July soybean futures from January 1 to June 1.

Mon Jun 8, 2015 10:24 AM CDTSoybean plantings in KS & MO as of May 31 from 1986 to this year vs. the change in planted acreage from the March intentions to the final figures given in the annual production report released in January.